How Data Integration and Governance Enables HR to Drive Value .pptx
- 1. 1 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. DATA INTEGRATION AND GOVERNANCE IN HR Drive Business Performance and Value with Well-managed Data
- 2. 2 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Data-driven Firms Will Dominate The speed of business today demands access to people data, delivered to the people who do the work and make decisions “What’s needed now is a new, holistic approach to people data as an asset, a resource, a product, and a business accelerator.” — ”Mutual Acceleration: Humans + Technology Propelling Each Other into the Future.” Deloitte, April 11, 2022. • when and where they need it • in a form that makes sense to them Without that data, most companies will find it hard to compete
- 3. 3 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Why the Business Needs HR Data Time is no longer the basis of productivity What matters is: • outcomes, • who did the work, • what enabled them to do it. People analytics has become a necessary competency of HR professionals. They provide the opportunity and resources for managers to understand how people impact business performance, and how the organization and its managers affect their people.ⁱ
- 4. 4 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. What will make things happen is the right data 74% of advanced users of people analytics tap on- demand data to analyze the workforce proactively. 54% of advanced users of people analytics reported achieving positive business outcomes. 50% of advanced users of people analytics count people managers/line managers as consumers of people data. Source: lan Cook “Sharing people Data Outside HR to Drive Business Value” HBR, November 4, 2022
- 5. 5 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Well-governed data integration is fundamental to business intelligence, but you can’t get there without clean, reliable data. — “Definitions of Data Governance,” The Data Governance Institute. “Data Governance is a system of decision rights and accountabilities for information-related processes, executed according to agreed-upon models describe who can take what actions with what information, and when, under what circumstances, using what methods.” Data Governance
- 6. 6 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. It works within your existing structure How you structure your governance framework will depend on how you structure your business It is not a replacement for your authority structure Sample Governance Framework
- 7. 7 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Why Data Quality Matters Poor data quality costs you: Lack of data quality and availability can cause employees to spend a significant amount of time on non-value-added tasks. Time spent on non-value-added tasks due to poor data quality and availability1 Estimated % of total employee time 1. Data sourcing, data aggregation, data reconiliation.data cleansing, manual reporting. Source:McKinsey Global Data Transformation Survey,2019
- 8. 8 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Establish the foundation • Understand the cost, value, and strategic impact of data • Set standards for data quality Define fit-for-purpose data and act on the standards • Set up analysis and reporting structure for monitoring data Assign accountability for data • Institute data ownership to stop errors at the source • Assign data stewards to assist data owners Improving Data Quality
- 9. 9 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Dealing with Dirty Data The cleaner your data, • The lower your costs, and • The more data your value will have Don’t wait for pristine data—No one has perfect data Use the valid data you have • You can still draw value from what is correct Use data cleansing services Stop errors at the source
- 10. 10 How Data Integration and Governance Enables HR to Drive Value ©Pixentia. All rights reserved. Implementation Four Ways to Implement Integrations Connectors Integration Platform As a Service* Custom Integration Do-It-Yourself Integration Advantages Disadvantages Advantages Disadvantages Advantages Disadvantages Advantages Disadvantages Provided by most enterprise software companies. Easy for non- technical users. Low subscription fee. Can become burdensome to manage many to point integrations. No software or hardware needed. Cost-effective. Predictable monthly fee Out-of-the-box functionality. If out-of-the-box doesn't meet your needs, you will require custom work. Designed to your requirements. Purchase only what you need. Maintain your independence. Will probably cost more in the beginning. You staff the project and manage it. Maintain independence. Need a highly skilled integration team. You manage updates.
- 11. Pixentia creates innovative technology solutions that enable our clients to delight their customers, grow revenue, improve the bottom line, and develop better workforces. +1 (855) 978-6816 www.pixentia.com info@pixentia.com Call us for a consultation Download Your E-book now Drive Value with HR Data Integration and Governance Is old HR data driving your company's leaders to make bad decisions? Download our eBook on : Drive Value with HR Data Integration and Governance